Form 4: Mammoth Energy Services Director Corey J. Booker Reports Acquisition and Disposal of Common Stock

Director Corey J. Booker reports acquisition of 27,856 common stock units and disposal of 176,587 common stock units of Mammoth Energy Services, Inc.

Summary

• On June 12, 2024, Corey J. Booker, a director of Mammoth Energy Services, Inc., reported acquiring 27,856 shares of common stock.
• These shares were granted as restricted stock units under the company's equity incentive plan as an annual non-employee director grant.
• Booker also disposed of 176,587 shares of common stock.
• The restricted stock units will vest on the earlier of June 12, 2025, and the date of the issuer's 2025 Annual Meeting of Stockholders.
• Each restricted stock unit represents a contingent right to receive one share of common stock with a par value of $0.01 per share.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Future Outlook

The restricted stock units will vest on the earlier of June 12, 2025, and the date of the issuer's 2025 Annual Meeting of Stockholders.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The acquisition of restricted stock units by a director can align their interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates